The Allegheny County Sanitary Authority sold $92.2 million of tax-exempt refunding Series 2001 sewer revenue bonds on Wednesday.
An authority spokeswoman said the funding is expected to save the Pittsburgh-based agency about $9 million.
The authority has $602.5 million of outstanding debt, which, according to the spokeswoman, has a rating of A from Standard & Poor’s with a stable outlook, and A1 from Moody’s Investors Service.
PNC Capital Markets was the lead manager and BNY Mellon Capital Markets was the financial advisor.
Assured Guaranty Municipal Corp. of New York is the insurer for the serial bonds.